Hello all:When a security deposit is received on a new long-term rental lease, I categorize that in my accounting system as "deposit", separate from rent. It isn't income, doesn't show as a gain, etc. When that same t...

I am a new landlord about to have my first lease signed. I'm wondering about listing rent in my lease agreement. We have agreed on $1400 plus $20 x 2 for their two pets so $1440 total. In the agreement do I state that...

Hi. I would like your advice and experience. Does a new one-apartment rental business need all 4 accounts/funds?  Can I put a security deposit in the operating account until it is returned to a tenant instead of openi...

Hello! I recently bought a duplex in the Suburbs of Philadelphia as my cherry popper.  I live in the downstairs unit and rent the upstairs unit.  I have a few questions surrounding basic bookkeeping.I did an FHA Mortg...

So currently we have a number of duplexes being held each in its own LLC, with separate bank accounts and everything. I feel that before this venture gets too large, that I should create a Property Management LLC to b...

Hello Everyone,
I recently bought a 3-unit investment property in Michigan and have plans to rent out one of the units to the sister of one of the neighbors. I have her staying in the one br while we renovate the oth...

I currently have one rental property so obviously it's been easy to manage the financials. I only have one account. However I came across some money and I'm about to really grow my portfolio. My lender doesn't escrow ...

Hey guys,
we are BAH (buy-and-hold) property owners that just separated our business account from personal.
To efficiently operate rentals, what business accounts would you recommend to have? Would you recommend:
-a s...

Hello landlords, Do you open a separate landlord/tenant account for the security deposit everytime you rent a unit ? WHat about the multiplexes? It does get difficult when the number of units gets bigger, doesnt it ? ...

Hello good folks of BP,My wife and I will be closing on our first owner-occupied rental property (duplex) in May 2019 and I'm trying to do as much up front leg work as possible to prepare for us being new landlords.  ...